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Which of the following is not an attribute of a lockbox system? Select one: O a. Stronger control over receipts of cash from clients O
Which of the following is not an attribute of a lockbox system? Select one: O a. Stronger control over receipts of cash from clients O b. An average shorter float period for receivables O C. Cash receipts collected once per day by the bank O d. Payment of a service charge to the bank O e. Extension of time to pay vendor invoices
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